Property Type: Detached HouseOwnership: Freehold

12957 98B AVENUE

Surrey, BC V3T1C9

$1,549,999

10 bed6 bath6 parking3,007 sqftBuilt 1958
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Property Details

Property & Lot

Sub-type
House
Lot size
7,179 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$0 (2025)

Interior

Basement
Finished, Full, Separate entrance
Heating
Forced air, Natural gas
Fireplace
None

Parking

Total spaces
6 — uncovered indicated
Features
Open

Listing Information

MLS®
R3096671
Listed
March 5, 2026
Time on market
On the market for 179 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: RE/MAX Performance Realty · Data source: CREA DDF.

Description

Fully renovated home in the prime Cedar Hills / Surrey Central area! This spacious property sits on a 7,179 sq.ft. lot with 69 ft frontage and R3 zoning, offering great future potential. Conveniently located close to Surrey Central SkyTrain Station, major shopping centres, schools, parks, and all daily amenities. The home features ""3 separate basement suites (2+2+1 bedrooms)"", making it an excellent mortgage helper with strong rental income potential. Ideal opportunity for first-time home buyers or investors looking for a property with multiple rental options in a highly desirable and central location. A rare find combining location, rental income, and future potential. (id:63159)

Values & Trends

This listing

$515/sqft

Building average

No other active listings in this building

Surrey average

$691/sqft

1844 active listing(s)

Parking: 6 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Detached (House) Market Stats — Surrey

Monthly figures from the Fraser Valley Real Estate Board for Surrey detached (house)listings — not specific to this property.

MLS® HPI Benchmark Price

$1,325,500

Jul 2026

Average Sale Price

$1,364,812

Jul 2026

Monthly Sales

61

Jul 2026

Active Listings

692

Jul 2026

Sales-to-Active Ratio

9.0%

Jul 2026

Median Days to Contract

43 days

Jul 2026

MLS® HPI Benchmark Price

$1,793,500
$1,325,500
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Nearest station: Langley

Clear

14°C

Clear

Humidity 87%

Wind S calm km/h

Tonight

14°

Tuesday

21°

Tuesday night

16°

Wednesday

19°

Wednesday night

14°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

568,322

(2021 Census)

+9.7% since 2016

Density: 1,797.9/km²

Dwellings: 195,098

Median household income: $98,000

After-tax: $87,000

Immigrant population: 44.6%

Top countries of origin (% of total population)

  • India16.9% · 95,905
  • Philippines5.2% · 29,510
  • China4.2% · 23,850
  • United Kingdom1.5% · 8,320
  • Korea, South1.2% · 6,995
  • Viet Nam1.1% · 6,425
  • Pakistan1% · 5,710
  • Taiwan1% · 5,540

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

30

6/9 categories nearby

Transit

33

5 stop(s) within 800m

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Old Yale Road ElementaryElementary685 m
A H P Matthew ElementaryElementary877 m
Prince Charles ElementaryElementary1.1 km
Betty Huff ElementaryElementary1.1 km
Kwantlen Park SecondaryElementary1.2 km
Cedar Hills ElementaryElementary1.2 km
Senator Reid ElementaryElementary1.3 km
K B Woodward ElementaryElementary1.5 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

StopTypeDistance
Westbound 100 Ave @ 129A St228 m
Eastbound 100 Ave @ 130 St241 m
Northbound 128 St @ 99 Ave312 m
Southbound 128 St @ 99 Ave335 m
Eastbound 100 Ave @ 128 St345 m

Nearby Places

Restaurants (4)

  • Lighthouse Indian Kitchen · 12815 96 Avenue628 m
  • Wow Grill & Momo · 9631 128 Street641 m
  • Mr Pickwick's Fish & Chips · 12884 96 Avenue686 m
  • Mezbaan Indian & Indo Chinese Food · 12790 96 Avenue710 m

Cafes (1)

  • Starbucks · 12840 96 Avenue663 m

Grocery (2)

  • Fruiticana · 12867 96 Avenue569 m
  • No Frills · 12852 96 Avenue713 m

Parks (5+)

  • Evergreen Park177 m
  • Bog Park385 m
  • 21C Tot-Lot452 m
  • Unnamed524 m
  • Robson Park618 m

Pharmacies (2)

  • Family Care Pharmacy · 12815 96 Avenue631 m
  • Shoppers Drug Mart · 12830 96 Avenue739 m

Banks & ATMs (1)

  • TD642 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($310,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,239,999.00
Periodic payment — Principal & Interest (monthly)$8,000.05
Additional monthly expenses (strata, tax, utilities, etc.)$150.00
Total monthly cost$8,150.05
Interest paid over 5-yr term$355,387.28
Balance at end of term$1,115,383.11

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$310,000
Stress test qualifying rate8.09%
Payment you must qualify for$9,535.16

Cash Needed at Closing

Minimum down payment$310,000
Estimated BC PTT$29,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$340,500

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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